Sentences with phrase «individual endowment policy»

This is an individual endowment policy that provides adult life insurance and matures in 10 to 20 years.

The Gerber Life College Plan is an individual endowment policy that provides adult life insurance coverage for parents for a specified period of time chosen by you — between 10 and 20 years.

The Gerber Life College Plan is an individual endowment policy with an adult life insurance benefit that provides a guaranteed payout of $ 10,000 up to $ 150,000 when it matures in 10 to 20 years.

Not exact matches

10 % of the premium for an * endowment policy if all individuals whose lives are insured are members of the fund

Endowment policy An endowment policy offers life cover for the policyholder and also allows the insured individual to save money on a regular basis.

Some companies may offer this plan as a rider to a term plan which means that the individual pays for the term cover as well the rider to be given the option to be able to convert the term policy later to an endowment or any other such plan.

Modified endowment contracts are usually purchased by individuals who are interested in tax - sheltered, investment - rich policies, and do not intend to make pre-death policy withdrawals.

Hence, policy instruments and endowment plans should be availed by an individual depending upon his / her financial goals.

Returns on endowment policies are conservative but guaranteed and these are meant for risk - averse individuals — those who prefer a steady though moderate return rather than take high risks for high returns.

Simply put, endowment plans are life insurance policies that not only cover the individual's life in case of an unfortunate event, but also offer a maturity benefits at the end of the term.